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Haha thread got wiped out by server crash...

JUst re-up for benefit of forummers,

read detailed analysis by Drizzt on investment moats...
NSL Ltd a consistent high dividend yielder with low payout http://www.investmentmoats.com/money-man...ow-payout/
Virtual currencies are worth virtually nothing.
Anyone else vested? Q3 results are out.

You can count on the greed of man for the next recession to happen.
NSL is disposing it's BST stake for SGD$328.3 million that will result in an gains of SGD$119.8 million

Waiting to see if they would reward the shareholders via a special dividend. But this would also affect revenue down the road.


You can count on the greed of man for the next recession to happen.
this is their majority profit generator and in 2011 it earns them 82 mil in profits (no doubt that is due to exceptionally good prices)

i got a feeling they snag this for 10 times EBIT. but the impact to NSL is bigger. Their rest of their business isnt really solid generating
Dividend Investing and More @ InvestmentMoats.com
So what is the rational for giving up this biz?
Tot they said wanna focus on core areas including chemicals. Isn't this chemical?
Killing the goose that lays the golden egg? Production capability was being restored following the fire at the BST facility hence this sale was quite unexpected.
You can count on the greed of man for the next recession to happen.
shall we vote against? I been holding this golden goose for many years, suddenly need to relook for another goose. Just not ready.
Quote:Voting Undertaking. As at the date of this Announcement, 98 Holdings Pte. Ltd. holds 303,484,453 Shares, representing approximately 81.24 per cent. of the total number of Shares in issue. 98 Holdings Pte. Ltd. had on 15 November 2013 provided an undertaking to NSL that it will, inter alia, vote in favour of any resolutions to be proposed at the EGM to approve the Proposed Disposal.

Since the major shareholder 98 Holdings Pte Ltd will vote in favour of the resolution on the disposal of BST, this transaction is more or less confirm.
where is the corporate governance? tot 98 holdings should be abstained from voting?

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